Sunday , November 24 2024

Trump SPAC

Summary:
This thing had a good 2 days Thursday and Friday… and it appeared to be in “liquidation only” on Friday my broker would not accept a market order to buy….  I don’t know if an ipo was ever treated like that before…This is interesting from the Zero Hedge people here I don’t know if this is accurate or not:Finally, we note that DWAC would have to reach ,739 to be as large as Twitter... food for thought for analyst price targets.And if Pinterest is supposed to be worth b I have to think the Trump thing would be worth at least as much as that…Trump's "Truth" SPAC Halted 5 Times, Now 'Only' Up 120% Today $DWAChttps://t.co/KR17fgaAlJ— 2 Cent Oil Baron (@avgjaneexp2) October 22, 2021

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This thing had a good 2 days Thursday and Friday… and it appeared to be in “liquidation only” on Friday my broker would not accept a market order to buy….  I don’t know if an ipo was ever treated like that before…

This is interesting from the Zero Hedge people here I don’t know if this is accurate or not:

Finally, we note that DWAC would have to reach $1,739 to be as large as Twitter... food for thought for analyst price targets.

And if Pinterest is supposed to be worth $50b I have to think the Trump thing would be worth at least as much as that…





Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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